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Reviewing yesterday, Bitcoin powerfully broke through and consolidated above the 88,000 key resistance level in the early morning. This important level has successfully transformed into a support base for subsequent upward movement. The price then further climbed above 88,500, demonstrating a healthy breakout trend with trading volume and price rising in sync.
From a technical perspective, this breakout indicates the formation of a new upward trend, with the overall market focus shifting upward. In the short term, the market is expected to rely on the new support level around 88,000 to continue probing key resistance areas such as 90,000 and 91,500.
Trading strategy: Focus on long positions around 88,300-88,000 for Bitcoin, targeting 89,500-90,500.
Ethereum: Focus on long positions around 2,960-2,980, targeting 3,030-3,050.
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